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20121120
Search Results 0 to 10 of about 11 (some duplicates have been removed)
closing loopholes. that is a reputation of what john boehner suggested in the days since the president has been re-elected. >> that's totally right. a key point, the simpson-bowles tax idea is kind of a magic pony, right. everyone agrees in the ab instruct, we can bring down the rates, close loopholes and deductions and raise revenue. if that's such a wonderful idea how come it's only come up now. how come no one has done it. the reason is because it's really, really hard politically. once you get into the specifics. if you're trying to tie all the revenue to this abstract tax reform idea you're going to get into a position where the revenue is about never going to happen because once you get into reality it doesn't materialize. >> you have to do both, john. you have to do -- you have to raise the the rates and close loopholes to get the amount -- >> just raise the rates. >> you can't raise the rates high enough to produce $1.6 trillion. >> you can get $900 billion from expiring the bush tax cuts. >> and where do you get the other $700 billion from from. >> do a little reform and cut the r
, that $1.6 trillion, is twice the amount of revenue that he and boehner put on the table last summer. it's a clear sign to the left that the president has stopped beginning his negotiations from the middle ground, something democrats have often complained about with this president. afl-cio president said he's confident that the president is not going to fold. >> the president led with that notion of protecting the middle class. are we going to collectively stand up and make sure that workers get a fair shake in all of this? absolutely we are. do we believe that the president is committed to that same thing? absolutely we do. will the president show today he's willing to go over the fiscal cliff if reboundians don't make the deal they are satisfied with. in a new pew poll, 50% will not reach an agreement in time. 53% are assuming republicans will be more to blame if no deal is struck. but yesterday minority leader mitch mcconnell, who met with the three gop freshmen, new senators, will join the repub c republican conference, struck a hard line when it came to tax rates. >> in politics th
house? is it john boehner? >> i think the president is the only with one that can sign the agreement. john boehner needs to have an agreement that the house of representatives will pass, and i think whatever the two of them agree on will pass the senate. but expect it will be john boehner working along with the president. i'm sure mitch mcconnell will be very closely involved in the discussions with leader boehner. >> you don't believe a deal should come out of the senate and then be introduced in the house? >> well, i think the elections are over. we need to find solutions to help our country move forward in a positive direction and as the chairman of the joint chiefs of staffs says the biggest threat to our national security is actually our debt. we need to get this spending under control and get people back to work. >> i want to talk about this issue of taxes and tax rates and get you to respond to something from not exactly someone who is known as a liberal thinker here. take a listen. >> it won't kill the country if we raise tax as little bit on millionaires. it really won't, i
and speaker boehner agrees to a rate hike, not just limiting deductions and that sort of thing, what would you think? >>guest: i don't think he will agree to a rate hike. what you are looking at is closing loopholes and limiting deductions and getting revenue from growth combined with entitlement reform and better spending control. >>neil: if it is a rate hike you would not be for that because the president argued earlier this week he doesn't think the numbers are there to get as much from closing loopholes, allowances and the rest than a simple hike in the rate? >>guest: the reality is to get revenue, you need economic growth and by raising rates you hurt economic growth by closing loopholes limiting deductions you make sure that wealthy people pay their fair share. >>neil: you can get a like amount of money from that, senator, than just raising the rate itself? >>guest: that is the real chance to get revenue because you have the kind of tax reform that will stimulate economic growth. if our economy doesn't grow you will not have more revenue even if you raise rates. that combined with spendi
. visit studentcam.org. >> house speaker john boehner on his party leadership election followed by democratic leader nancy pelosi. then senators of both parties on their leadership elections. later republican senators john mccain, nancy gramm, and others call for the investigation on the attacks of the u.s. consulate in libya. the senate armed services committee holds a hearing tomorrow morning on the nomination of marine corps general joseph dunford. that is live on c-span 3 at 9:30 eastern. general dunford is assistant commandant of the marine corps. now house speaker john gainer on his party's leadership election and the agenda for the lame duck session of congress. top priority which is jobs. i'm proud of my leadership caucus who are going to serve. and while some of us who are returning to the leadership, we have new members and you will get to hear from them in a moment. our majority is the primary line of defense for the american people against a government that spends too much, borrows too much when left unchecked. i have outlined a framework for how both parties can wor
leaders to avoid the fiscal cliff. boehner and mcconnel and nancy pelosi and harry reed reed. without a deal billions of tax increases go into affect january 1st. and those are your head lines. i would like to be a fly on the wall for that meeting. >> brian: there is shock waves across the markets. coming in way above expectations, remember that explanation. hurricane sandy's fault. everyone gets fired when a hurricane hits? what kind of logic is that. >> a crash scene with a baby girl trapped in the twisted metal. but you haven't seen the hero that jumped inside to save her, he's coming up this hour. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. it's a new way to get cash back deals, and it's called bankamerideals! i sign into my online banking... click the "cash back deals tab"... and pick the deals i want. i just use my bank of america debit or credit card when i pay,
Search Results 0 to 10 of about 11 (some duplicates have been removed)